Asian Market Business 

Asian stocks fall on virus worry, China stock rally pauses

By Administrator_India Capital Sands Asian shares and U.S. stock futures fell on Friday as record-breaking new coronavirus cases in several U.S. states stoked concerns that new lockdowns could derail an economic recovery, while investors looked forward to earnings season. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.76%. Australian stocks dropped 0.42%, while Japanese stocks declined by 0.4%. Shares in China fell 0.72%, the first decline in more than a week, as investors booked profits on a surge in equities to a five-year high. E-mini futures for the S&P…

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Asian Market Business 

Asian shares hit speed bump, China extends sharp rally

By Administrator_India Capital Sands   Asian shares paused for breath on Tuesday following a surge sparked by speculation Beijing is trying to orchestrate a major domestic bull run to support an economy hit by the coronavirus and a standoff with Washington. MSCI’s broadest index of Asia-Pacific shares outside Japan was last down 0.25%, a seemingly inevitable correction after sharp gains of 7% in just five days that took it to a 4-1/2-month high. Japan’s Nikkei gave up 0.7% while U.S. stock futures shed 0.3% in Asia after hefty gains on Monday…

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Asian Market Economic News 

Asian stocks swing wildly on U.S.-China trade deal mix-up

By Administrator_India Capital Sands Asian shares see-sawed in a wild ride on Tuesday following confusing statements from the White House over the U.S.-China trade deal, with President Donald Trump later clarifying the pact was “fully intact.” Trump’s tweet bolstered market sentiment, helping e-minis for the S&P 500 swing back to positive territory. Asian shares were quick to turn around too, with MSCI’s broadest index of Asia Pacific shares outside of Japan up 0.7%. Risk sentiment had taken a knock early in the Asian day after White House trade adviser Peter…

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Asian Market Corona Hits US 

Stocks try to shake off second wave virus fears

By Administrator_India Capital Sands U.S. stock futures erased losses and Asian stocks held flat on Monday, trying to shake off worries that rising coronavirus cases in the United States could scupper a quick economic rebound from the massive downturn triggered by the pandemic. U.S. S&P 500 futures rose 0.4%, having erased early losses of 1.05% while Japan’s Nikkei also eked out gains of 0.1%, similarly recovering from early losses. MSCI’s broadest index of Asia-Pacific shares outside Japan was almost flat while mainland Chinese stocks ticked up 0.3% to 3-1/2-month highs. After a…

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Asian Market Economic News 

Global stocks retreat on rising second wave fears

By Administrator_India Capital Sands   Asian stocks and Wall Street futures fell on Thursday as spiking coronavirus cases in some U.S. states and China crushed hopes of a quick global economic comeback from the pandemic. S&P 500 mini futures fell 1.2% in early Asian trade while MSCI’s broadest index of Asia-Pacific shares outside Japan lost as much as 1%. Japan’s Nikkei lost 1.3% while in mainland China, bluechip CSI300 shares shed 0.1% in early trade. On Wall Street, the S&P 500 lost 0.36% on Wednesday but tech-heavy Nasdaq added 0.15% due to…

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Asian Market Commodity 

Asian stocks, oil fall as second wave fears grow

By Administrator_India Capital Sands   Asian shares stumbled on Monday and oil prices slipped as fears of a second wave of coronavirus infections in Beijing sent investors scurrying for safe-havens while underwhelming data from China further weighed on sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.3% with Australian shares off 0.1% and South Korea easing 0.3%. Japan’s Nikkei faltered 0.7%. Chinese shares opened in the red with the blue-chip CSI300 index down 0.1%. Monday’s losses follow a strong rally in global equities since late March, fuelled by the…

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Asian Market Covid-19 

Asian stocks set to fall sharply as Wall Street tumbles

By Administrator_India Capital Sands Asian equities are set to fall sharply on Friday after Wall Street stocks and oil tumbled over growing concerns that a resurgence of coronavirus infections could stunt the pace of reopening economies. The three major U.S. stock indexes fell more than 5%, posting their worst day since mid-March when markets were sent into freefall by the abrupt economic lockdowns put in place to contain the pandemic. Australian S&P/ASX 200 futures were down 3.04%, while Japan’s Nikkei 225 index closed down 2.82% at 22,472.91​​​​ on Thursday. Hong Kong’s Hang…

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Asian Market FED 

Asia stocks set to fall on Fed’s dour outlook

By Administrator_India Capital Sands Asian stocks were set to fall on Thursday after gloomy economic projections from the U.S. Federal Reserve sent the greenback and most Wall Street shares lower. Fed officials at their policy meeting on Wednesday said U.S. gross domestic product is expected to decline 6.5% this year. They also flagged the need to keep the key interest rate near zero through at least 2022. “The Fed is basically saying they’re going to keep the system solvent and at the macro level there’s no room for failures but…

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Asian Market Covid-19 

Asian shares creep higher as markets wait for Fed

By Administrator_India Capital Sands Asian stock markets eked out a 10th consecutive session of gains on Wednesday, but momentum ebbed as doubts about the global recovery from the pandemic returned ahead of the U.S. Federal Reserve meeting. The sideways move in equities cap two weeks of stock market gains, turbocharged by Friday’s data showing a completely unexpected rise in U.S. employment last month. Safe havens from gold to the Japanese yen won support as optimism ebbed. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3% and Japan’s Nikkei rose 0.1%. The…

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Asia stocks extend rally as economic recovery hopes boost confidence Asian Market Covid-19 

Asian shares hit two-month high as economic optimism spreads

By Administrator_India Capital Sands   Asian shares rose to a two-month high on Thursday as government stimulus expectations supported investor confidence in economic recovery from the global coronavirus pandemic. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.4%, earlier touching the highest since March 9. Shares in Australia rose 0.66% after the country’s prime minister unveiled a fourth stimulus package to repair the economy. Chinese shares were little changed due to lingering worries about diplomatic tension between the United States and China, while U.S. stock futures fell 0.23%. The…

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